Blockchain.com Joins TP ICAP’s Fusion Digital Assets as Institutional Liquidity Partner
By Lauren Towner · 27 August 2026
In brief: Blockchain.com has joined TP ICAP’s Fusion Digital Assets as a liquidity partner, providing institutional depth for Bitcoin and Ether through a capital-efficient matched principal trading model.
| Monthly Volume | $1 billion notional |
|---|---|
| Supported Assets | BTC, ETH, XRP, SOL, USDC |
| Trading Model | Matched Principal (No prefunding) |

Quick Summary
Blockchain.com has partnered with TP ICAP’s Fusion Digital Assets to provide institutional liquidity within a matched principal framework. This collaboration allows institutional traders to access deep liquidity for Bitcoin, Ether, and XRP without prefunding, utilizing TP ICAP as a trusted, investment-grade credit intermediary for digital asset trading.
How Does Blockchain.com Enhance Institutional Liquidity?
By joining Fusion Digital Assets, Blockchain.com integrates its deep liquidity pools into a venue designed specifically for wholesale market participants. This move addresses the growing institutional demand for market infrastructure that mirrors traditional financial standards. The partnership provides brokers and asset managers with enhanced execution quality and greater depth across major assets like Bitcoin and Ether.
- Access to matched principal trading models.
- Elimination of prefunding requirements for participants.
- Integration of crypto-native expertise with traditional broking.
The collaboration is a significant step in the convergence of markets, allowing crypto-native firms to reach a broader distribution network through TP ICAP’s established global infrastructure.
What Assets and Features Are Being Added to Fusion Digital Assets?
The transition to the matched principal model allows the venue to significantly expand its asset universe. Beyond core cryptocurrencies, the platform is introducing support for stablecoins like USDC and expanding coverage to include assets such as SOL. This expansion is supported by continuous weekday trading hours to meet the needs of global institutional desks.
- Future support for tokenised real-world assets (RWAs).
- Introduction of additional fiat pairs for trading.
- Surpassed $1 billion monthly notional volume in 2025.
These updates ensure that institutional liquidity remains robust as the platform scales to include more complex financial instruments and tokenized products.
FF NEWS TAKE:
This partnership moves the needle by validating the matched principal model as the preferred bridge between crypto-native liquidity and traditional institutional rails. As the market shifts away from pre-funded exchange models toward capital-efficient intermediation, expect the wider market to consolidate around venues that offer investment-grade credit oversight. The $1 billion volume milestone proves that institutional digital asset adoption is no longer theoretical but a high-volume reality.
Frequently asked questions
What is the benefit of the matched principal model for institutional traders?
The matched principal model allows participants to trade digital assets without the need for prefunding. By facing TP ICAP as an investment-grade credit intermediary, firms can improve capital efficiency and reduce the operational complexity typically associated with crypto-native exchanges.
Which cryptocurrencies are supported by the Blockchain.com and TP ICAP partnership?
The partnership currently provides deep liquidity for Bitcoin (BTC), Ether (ETH), and XRP. Additionally, the platform is expanding to include Solana (SOL) and stablecoins such as USDC, alongside various fiat currency pairs.
How much volume does Fusion Digital Assets handle?
Fusion Digital Assets reached a significant milestone in 2025, surpassing $1 billion in monthly notional traded volume across its Bitcoin and Ether order books, reflecting strong institutional demand for its infrastructure.
About the companies
Companies in this story: Tullett Prebon, ICAP, TP ICAP, PVM, Blockchain.com, Digital Assets, Liquidnet, Parameta Solutions
People in this story: Marc Sischka, Chay Pollard